Harley-Davidson, Inc. (NYSE:HOG) Announces Quarterly Dividend of $0.19

Key Points

• Harley-Davidson declared a quarterly dividend of $0.1875 per share, payable September 29 to shareholders of record as of September 15. The dividend implies an annualized payout of $0.75 and a yield of approximately 2.7%.
• The dividend appears financially covered, with a current payout ratio of 22.5%; analysts expect next year’s earnings to support an estimated future payout ratio of 44.9%. The company has raised its dividend for five consecutive years.
• Harley-Davidson’s latest quarterly earnings beat expectations, with EPS of $0.75 versus a $0.65 estimate and revenue of $1.23 billion, although revenue declined 5.9% year over year. Analysts remain mixed, with the stock carrying an average “Hold” rating and a $27 price target.

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) announced a quarterly dividend on Thursday, September 3rd. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.1875 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Harley-Davidson has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Harley-Davidson has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Harley-Davidson to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 44.9%.

Harley-Davidson Trading Down 0.8%

Shares of HOG opened at $27.60 on Friday. The firm has a market capitalization of $2.87 billion, a P/E ratio of 16.93, a P/E/G ratio of 9.14 and a beta of 1.29. Harley-Davidson has a 12-month low of $17.09 and a 12-month high of $31.25. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $26.33 and a 200 day moving average price of $23.65.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.10. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The company's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. Sell-side analysts forecast that Harley-Davidson will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HOG shares. Weiss Ratings upgraded shares of Harley-Davidson from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Morgan Stanley lifted their target price on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an "underweight" rating in a report on Tuesday, July 28th. UBS Group lifted their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday. DA Davidson upped their target price on shares of Harley-Davidson from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. Finally, Loop Capital raised shares of Harley-Davidson from a "hold" rating to a "buy" rating and set a $32.00 price target on the stock in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $27.00.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.

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